NC Scrap Metal Prices Recycling
Raleigh, NC, Cary, NC, Durham, NC
Salvage Yard, Scrap Yard, Junk cars
Metal Recycling -6/9/14
Copper, Aluminum, Steel
-Industrial Pick Up and Public Drop off
-11 Digital Scales to get you in and out-FAST!
-Junk Cars-We TOW, or you Drive in, or Tow in
Scrap metal prices for copper right here in Raleigh, NC are down this week. As we continue to say, with scrap metal being a truly globally priced item, since China and Turkey are buying less, prices are down. Copper, which had been increasing for months took a big fall this week. See the bottom of this email for some thoughts on metals. We work hard to get you great scrap metal prices per pound.
Raleigh Metal Recycling here in Raleigh, NC, is where always do our best to pay you the most for scrap metal every day. We communicate 24/7 with you, our prices to make it easy for you. When you call our phone number 919-828-5426 and press 2, you will hear a recording with “Today’s prices” where we buy and sell scrap metal at great prices per pound. This is for:
-Cast Iron Recycling
-Yellow Brass Recycling
-Red Brass Recycling
-Aluminum Can Recycling
-Stainless Steel Recycling
We continue to have a three part focus at Raleigh Recycling
1) Public (Drop off)-or we pick up Junk Cars
2) Industrial/Commercial customers
3) Demolition Customers
If you are a large Commercial, Industrial or Demolition company, call me, Greg at 919-828-5426 to discuss prices. We can give you prices for scrap metal, Cardboard, Copper, Electronics, Computers and more.
Or for just Appliances Disposal, Appliance Pick Up or Junk Metal removal, just call Kenny at 919-348-0545
An important part of our company is that we have 11 digital, NC State certified scales that we use to service our Industrial and Commercial Customers. Almost double our closest competitor, meaning we get you in and out fast and with accuracy! We are not just a Junk Yard or a Salvage Yard, or even a Scrap Yard. We are a major Raleigh NC, Recycling Center.
Importantly, we sell direct to Steel mills or divisions of steel mills, not to middle men who take a commission, so we pass that savings on to you! We even ship our steel out mostly by rail car (not trucks) to save money in shipping, which we pass on to you
JUNK CARS, Salvage Cars
1) WE TOW-JUNK CAR-JUNK CAR REMOVAL-Junk Car Pick Up!
-Get Cash on the spot
-Sell your junk car for cash
-Any condition, running or not running
-Keys or no keys, engine or no engine
JUNK CAR REMOVAL, Junk Car Towing
2) Drive it in, or you tow it in!
-Get Cash on the spot
-In and out fast!
-Sell your junk car for cash
Come to us at:
Raleigh Metal Recycling
2310 Garner Road
Raleigh, NC 27610
When in Raleigh, Durham, Apex, Butner, Cary, Chapel Hill, Clayton, Dunn, Garner, Henderson, Knightdale, Lumberton, Oxford, Mebane, Morrisville, Roxboro, Sanford, Smithfield, Wake Forest, Burlington, Fayetteville, Fuquay-Varina, come see us at:
2310 Garner Rd.
Raleigh, NC 27610
When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:
801 N. John St.
Goldsboro, NC 27530
Key Chinese Industrial Commodity Prices Keep Tumbling
Workers weld steel rebars at a construction site in Guangzhou, capital of China’s southern Guangdong province.
In spite of what appeared to be an improvement in China’s manufacturing sector (see chart), China’s economic picture remains cloudy. A number if indicators point to rising uncertainty and slowing industrial demand.
Investors are becoming increasingly uneasy with the nation’s property markets, which JPMorgan called “a major macro risk”. Volumes of unsold real estate are now at record levels and sales continue to slow. Nomura’s researchers are convinced “that the property sector has passed a turning point and that there is a rising risk of a sharp correction”. Of course since the authorities can easily intervene, the situation may not be as dire as Nomura predicts. Nevertheless, the nation’s property markets continue to pose significant risks.
Moreover, some high frequency indicators are once again flashing warning signals. According to the ISI Group research, exports to and sales in China by US corporations have turned materially lower after remaining stable since early 2013 – indicating weakening demand. Anecdotal evidence suggests that a similar slowdown has also occurred for Japanese and euro area firms selling to China.
The most worrying indicators however are the key industrial commodity prices. Futures on iron ore sold at China’s ports fell below $100 for the first time in years.
And steel rebar futures on the Shanghai exchange are also continuing to fall. Some of these declines are of course related to declining construction activity.
Once again, most economists do not expect a “hard landing” for PRC because the government has enormous resources to “backstop” the nation’s economy. Nevertheless, a number of indicators from China still point to persistent risks to growth.
This article originally appeared at Sober Look
. Copyright 2014.
Read more: http://soberlook.com/2014/05/fresh-lows-for-industrial-commodities.html#ixzz3448LqncF
Chinese Probe Rattles Copper Prices
Most Active Contract Suffers Biggest Drop Since Mid April
Updated June 4, 2014 5:29 p.m. ET
Copper prices recorded their steepest drop in seven weeks Wednesday on concerns that a Chinese probe into the use of metals for obtaining loans would hurt demand.
Some investors fear the investigation will lead to a wider clampdown on lending practices involving commodities, which analysts estimate currently ties up as much as one million tons of copper.
That also could force companies to sell commodities they had been using as collateral, flooding the market. China accounts for roughly 40% of world copper demand.
Copper for July delivery, the most actively traded contract, closed down 1.4% at $3.0930 a pound, a three-week low. Wednesday’s drop was the biggest one-day percentage decline since April 15.
Many Chinese companies have turned to the copper market to gain access to cheap cash, particularly as China’s government has cracked down on what it sees as excessive lending. One variation of the financing arrangements use the copper as collateral to borrow in a currency tied to a low interest rate, such as the dollar, then invest the money into higher-yielding local instruments.
Copper futures fell nearly 10% in March when concerns about a crackdown on copper financing deals surfaced. The market had since recovered most of that ground, buoyed by improving industrial data in China and the U.S.
The investigation at Qingdao shows that the Chinese government may be more serious than previously believed about rooting out corruption and establishing more transparent financial markets, said Sameer Samana, senior international strategist at Wells Fargo Advisors, which oversees $1.4 trillion in assets.
“These kinds of things really worry us,” Mr. Samana said. “Rampant abuse of these financing deals could lead to a pretty big hit in confidence in the Chinese economy.”
Copper prices also have been hurt this week by weak Chinese economic data that ran counter to the more optimistic numbers reported in recent months. Futures fell more than 1% on Tuesday after lackluster factory data from China showed demand from the world’s second-largest economy may not be as robust as previously believed. Copper is widely used in manufacturing and construction, making it sensitive to economic data.
Many investors expect China to gradually tighten restrictions on the use of copper as collateral, allowing companies to unwind these trades over a long period.
However, “a disorderly unwinding of the deals could lead to sharply lower prices as stocks are offloaded on to the market,” Capital Economics said in a note to clients.
—Tatyana Shumsky contributed to this article.